Cryptocurrency is one of the most dynamic and rapidly developing sectors in the world today. From innovative Bitcoin to altcoins, the world of cryptocurrency is evolving every day. Understanding these technologies is important if you want to invest.Here in this article, we will rank the top 10 cryptocurrencies for 2024. We will examine their strengths, weaknesses and development prospects. We will also look at real-world applications, current market scenarios, regulatory positions as well as potential challenges that may be faced over the next 12 months.Best Cryptocurrencies to Invest in 2024Bitcoin (BTC)The undisputed king of cryptocurrency, Bitcoin continues to surge above…
Author: Crypto Flexs
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Bitcoin price remained above the $60,000 support level. BTC has recovered and is now facing a hurdle near the $63,500 resistance zone. Bitcoin appears to be trading between $60,000 and $63,500. The price is trading above $61,800 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $61,400. A break above $63,500 could lead to a rally for the pair or it could find support again at $60,000. Bitcoin Price Trim Profit Bitcoin price extended its decline below the $60,800 support…
Beijing is trying to popularize the digital yuan, but only a few countries appear ready to use it. Despite Beijing’s efforts to encourage its use, differences in perception of the digital yuan are emerging as Chinese government employees, especially those at state-owned enterprises and government agencies, have become early adopters of receiving salaries in digital yuan. Sammy Lin, an account manager at a state-owned bank in Suzhou, told the South China Morning Post that he receives his salary in digital yuan through the e-CNY app, but like many others, he keeps the digital yuan. He said he preferred not to.…
Posted 1 minute ago In ~ Updated: May 14, 2024 2:07 AM EDT Cryptocurrency exchange Coinbase is experiencing a ‘system-wide outage’ and the company is investigating the matter.The exchange said in an X post that its team is working to find a solution. “Your funds are safe,” the company added.Currently, when you access the Coinbase website, you’ll see a warning that says “503 service is temporarily unavailable.”The cryptocurrency exchange suffered a temporary technical glitch in March when its trading platform experienced problems amid high trading volume, including some users showing their account balances were $0.This is a developing story. Disclaimer:…
U.S. President Joe Biden issued an order banning MineOne Cloud Computing Investment I LP from acquiring certain real estate, citing national security concerns. This order, based on findings presented by the President, aims to protect critical assets near Francis E. Warren Air Force Base (Warren AFB) in Cheyenne, Wyoming.The President’s order stemmed from evidence that MineOne Partners Limited, a British Virgin Islands company majority-owned by Chinese, and related entities were planning to acquire property within a mile of Warren AFB. The property, specifically described as Lot 1, Block 10 North Range Business Park 3rd Filing, and the nature of the…
Blockchain infrastructure company Blockdaemon said it will expand its presence in the United Arab Emirates by opening a new office and entity in Abu Dhabi. The company said in an announcement shared with Cointelegraph in May that its expansion plans have been approved by the Abu Dhabi Global Markets Local Registrar (ADGM). 13.Part of the expansion plan is to operate and provide local Web3 infrastructure solutions in the UAE. This also entails making node and validator infrastructure solutions available in the region along with self-hosted MPC wallet technology.Amor Sexton, Blockdaemon’s chief operating officer, said the move was a “significant step…
Into the ether Hello, fellow Ethereans. I am Mihai Alisie, one of the Ethereum founders, and for the past year I’ve served as the Vice President of the Ethereum Foundation and Director of Ethereum Switzerland. In the early days of the project I concentrated my attention on the community side and worked on the holons idea for a distributed physical infrastructure; however, the project needed someone in Switzerland, and I was more useful here focusing on other things. During the the last couple of weeks I started to think about how far we’ve come and how many things we have…
BNB Chain, Airdrop Alliance Chapter 2 ReleasedBNB Chain announced the launch of the second chapter of the Airdrop Alliance to expand its ecosystem. This phase is expected to mark an exciting journey filled with thrilling quests, exclusive drops and rewarding experiences, offering exciting opportunities and rewards from BNB Chain’s respected partners.Airdrop eligibilityThe BNB Chain is currently undergoing a significant transition phase known as “BNB Chain Convergence” or BC Convergence. BC Fusion is a strategic move to migrate the functionality of the BNB Beacon Chain to the BNB Smart Chain (BSC) and decommission the BNB Beacon…
A popular cryptocurrency strategist is naming two Ethereum (ETH) challengers he believes will rise faster than the rest of the market as conditions improve. Household analyst The Crypto Dog told his 776,800 followers on social media platform X that he is long-term bullish on Near (NEAR). According to the trader, NEAR has been one of the fastest horses this cycle and he Believe The cryptocurrency market will explode immediately if the bid is successful. “I still believe that taking a NEAR position for several months today is a good move. Lock it and don’t trade it. NEAR continues its relative…
Ethereum price is attempting to recover from the $2,865 support level. If ETH breaks out of the $2,960 resistance area, it could start a new surge. Ethereum remained stable and attempted a recovery above $2,900. The price is trading below $2,950 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), it has broken a major bearish trend line with resistance at $2,930. If the price closes above the $2,990 and $3,000 resistance levels, the pair could begin a major rally. Ethereum price maintains support Ethereum price traded as low as $2,864 and recently began…